My cabin has been consistently booking for the weekends since we launched a couple months ago with the average person booking 2 days in advance.

When contacting a potential tenant's previous landlord, consider asking about the tenant's payment history, whether they consistently paid rent on time, how they maintained the property, if there were any complaints from neighbors, and the reason for leaving.

Don't settle for properties that merely break even; aim for those that generate consistent income from the start.

If you take care of these items consistently you don't have much to worry about & will save time and money better spent being refocused on your real estate business. 

In my 18+ years as a Banker I have seen over 90% of my CA investors either move or continue to buy outside of the state.States like FL, IN, OH, TN, TX, AZ, NV all offer great LTR and STR options to capture a solid cash flowing property under $300K.

While it's concerning that the applicants are unemployed, housing vouchers ensure that their rent is covered, which can provide you with consistent payments.

Multifamily properties are a fantastic way to start, especially for building a solid portfolio and generating consistent cash flow.Madison and Milwaukee are great places to look at - they have very robust rental markets and economic stability.

Ultimately it's important to be accurate, consistent, and in a controlled pace in executing a task. 

Those who are most successful buying SFH's buy in markets that experience a sudden  appreciation event/spike in home ownership  creating an end buyer market that no longer consists primarily of investors.

Today I had a chat with the attorney who is setting up our LLC and putting the house into the LLC, etc, about the pros and cons of selling the house to the LLC as a way of capturing that gain and also helping maximize my depreciation calcuation.